Economy
Oil Prices Plummet 20% to $67 per Barrel, Threatening Nigeria’s 2025 Budget
The price of Bonny Light, Nigeria’s premium crude oil, has dropped sharply by 20% to $67 per barrel, down from...
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Stable Exchange Rate and Lower Fuel Prices Boost Nigeria’s PMI to 53.7 in February
Nigeria’s private sector has recorded improved growth momentum, driven by a relatively stable exchange rate and a moderation in petroleum...
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CBN Appoints 16 Directors to Strengthen Key Departments
The Central Bank of Nigeria (CBN) has announced the appointment of 16 directors to head various critical departments within the...
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FAAN Reports Record Revenue Growth Amid Infrastructure Challenges
The Federal Airports Authority of Nigeria (FAAN) has announced a remarkable increase in revenue generation, recording N343.87 billion between January...
Read moreNaira Weakens in Unofficial Market Amid Dollar Index Volatility
The Nigerian naira faced renewed pressure in the unofficial market on Tuesday, opening at N1,510 per dollar as the dollar...
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Cash Crunch Drives 171% Surge in Banks’ Borrowings from CBN
A significant liquidity squeeze in the interbank money market has led to a sharp increase in banks’ borrowings from the...
Read moreCBN Calls on Nigerian Banks to Adopt Global Standards to Combat Illicit Financial Flows
In a bid to strengthen the integrity of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has urged financial...
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Nigerian Equity Market Loses N77 Billion as Investor Sentiment Weakens
The Nigerian equity market reversed its previous gains on Tuesday, February 27, 2025, as investor sentiment weakened, leading to a...
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Concerns Mount as Forex Reserves Drop $2.3 Billion Amid Naira Gains
The Nigerian naira has continued to strengthen in recent weeks, supported by foreign exchange reforms implemented by the Central Bank...
Read moreNigeria’s Net Domestic Credit Drops to N99.4 Trillion in January 2025, CBN Reports
Nigeria’s net domestic credit experienced a significant decline, falling to N99.41 trillion in January 2025, according to the latest Money...
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